Who does the DTPA define as a consumer for the purposes of filing a lawsuit?

The correct answer, a business consumer that has assets of $25 million or less, aligns with the definition provided by the Deceptive Trade Practices-Consumer Protection Act (DTPA) in Texas. The DTPA is specifically designed to protect consumers against false, misleading, or deceptive business practices. In the context of the act, a consumer is not limited to individual residential buyers but also includes business consumers that meet certain criteria.

This definition is significant because it emphasizes that the law encompasses a broad scope of individuals and entities that may engage in transactions where deceptive practices could occur. By specifying the asset threshold, the DTPA aims to protect smaller businesses that may be more vulnerable to unfair practices compared to larger corporations.

This understanding is essential for anyone involved in real estate or commercial transactions in Texas, as it informs them about who can seek recourse under the act and emphasizes the protective intent of the legislation towards a wide range of consumers, including smaller businesses.